GND FLR BUILDING 2, MARLINS MEADOW, CROXLEY CENTRE, HATTERS LANE, HATTERS LANE, WD18 8YA
Offices and premises Decided 14 February 2025 CHG101228130 Ryan
Figures are as stated in the decision, and are values in the 2023 list; a dash means the document does not state that figure. This judgement decided 4 properties together; the figures above are for this appeal's property (1st Flr West Wing Building 3, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YG). Every property is listed below.
The 4 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2023 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Gnd Flr Building 7, Croxley Green Business Park, Hatters Lane, Watford, WD18 8PA | £630,000 | £540,000 | £585,000 | Dismissed |
| 1st Flr West Wing Building 3, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YGThis appeal | £377,500 | £327,500 | £360,000 | Allowed in part |
| Unit 6 Building 6, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YH | £43,500 | £36,750 | £40,750 | Allowed in part |
| Gnd Flr Building 2, Marlins Meadow, Croxley Centre, Hatters Lane, Watford, WD18 8YA | £600,000 | £487,500 | £560,000 | Allowed in part |
What was argued and what the tribunal found
Four consolidated appeals concerning office properties at Croxley Green Business Park and Marlins Meadow. The appellants argued for lower price per square metre valuations, citing Covid-19 impacts on the office sector and comparable evidence from other locations. The tribunal accepted rental evidence from Croxley Green was most relevant but rejected the appellants' argument for across-the-board reductions. The appeal for Ground Floor Building 7 was dismissed (maintaining VO's £270/m²). The other three appeals were allowed in part with modest reductions: Building 3 reduced from £300/m² to £285/m², Unit 6 from £310/m² to £300/m², and Building 2 from £320/m² to £300/m².
Summary generated from the decision text and checked against it. The appellant was De Lage Landen Leasing Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments, Expert report
- Hearing
- 15 January 2025
Similar decisions
- GND FLR BUILDING 7, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8PA — Dismissed, 14 Feb 2025
- UNIT 6 BUILDING 6, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YH — Allowed in part, 14 Feb 2025
- 1ST FLR WEST WING BUILDING 3, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YG — Allowed in part, 14 Feb 2025
All decisions in Three Rivers District Council · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.